[564C Purchase and resale arrangements]
Income Tax Act 2007 (2007 c 3) | Legislation

[Arrangements that are alternative finance arrangements]

[564C  Purchase and resale arrangements]

[(1)     This section applies to arrangements if—

(a)     they are entered into between two persons (“the first purchaser” and “the second purchaser”), [and—

(i)     at least one of those persons is a financial institution, or

(ii)     the arrangements are regulated electronic system facilitated arrangements, and]

(b)     under the arrangements—

(i)     the first purchaser purchases an asset and sells it to the second purchaser,

(ii)     the sale occurs immediately after the purchase or in the circumstances mentioned in subsection (2),

(iii)     all or part

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